New Delhi: Reliance Industries may invest more than Rs 1,00,000 crore in various businesses in next few years, but concerns still remain about use of cash flow by the Billionaire Mukesh Ambani-led conglomerate, a report has said. The mega investment plan has been outlined in an equity research report by global investment banking major Morgan Stanley, which incidentally happens to be financial advisor in international energy giant BP's proposed partnership with RIL. The investments would be mostly in E&P (exploration and production), petrochemicals and shale gas by RIL, which as per Morgan Stanley, has already announced investments totalling USD 7.2 billion (over Rs 30,000 crore) since January 2010. Source: Financial Express
Monday, 11 July 2011
RIL plans over Rs 1 lakh cr investment
New Delhi: Reliance Industries may invest more than Rs 1,00,000 crore in various businesses in next few years, but concerns still remain about use of cash flow by the Billionaire Mukesh Ambani-led conglomerate, a report has said. The mega investment plan has been outlined in an equity research report by global investment banking major Morgan Stanley, which incidentally happens to be financial advisor in international energy giant BP's proposed partnership with RIL. The investments would be mostly in E&P (exploration and production), petrochemicals and shale gas by RIL, which as per Morgan Stanley, has already announced investments totalling USD 7.2 billion (over Rs 30,000 crore) since January 2010. Source: Financial Express